Instructions For Idaho Form 33 - Idaho State Tax Commission printable pdf download

8734

IA00521-3

INSTRUCTIONS FOR IDAHO FORM 33

9-24-04

GENERAL INFORMATION

Idaho Form 33 must be filed for the estate of every decedent with

copy of the will, copy of any trust agreements, and all attachments

property in Idaho if a Federal Estate Tax Return is required to be

required to be filed with the Federal Estate Tax Return must be

filed.

filed with this return.

This return must be filed by the personal representative of the

If an amended Federal Estate Tax Return is filed, an amended

estate. "Personal representative" means the personal representa-

Idaho Estate and Transfer Tax Return must immediately be filed

tive of the decedent or, if there is no personal representative

along with a copy of the amended Federal Estate Tax Return.

appointed, any person who is in actual or constructive possession

Payment of any additional tax due, together with any applicable

of any property included in the gross estate of the decedent.

interest and penalty, must accompany the Idaho return.

This return is due and any tax liability is payable within nine

Written notice of any changes in the federal estate tax liability must

months from the date of death.

be submitted to the Idaho State Tax Commission, along with

payment of any tax due, within 60 days of the date of the federal

A copy of the Federal Estate Tax Return, approved extensions,

determination.

SPECIFIC INSTRUCTIONS

For an extension of time to file, the Idaho State Tax Commission

file the return or pay the remaining tax by the extended due date

must receive a copy of the Federal Extension Request within 30

the following penalties will apply:

days after it is issued.

•

If the return is filed on or before the extended due date, a 0.5%

Line 2. Enter the value of property subject to death taxes of

per month late payment penalty will be computed on tax due

other states.

from the extended due date to date of payment, or

•

If the return is filed after the extended due date, a 5% per month

Lines 3 and 11. If the estate has property in more than one

late filing penalty will be computed on tax due from the extended

Idaho county, check the box. Use the schedule on the back of

due date to the date the return is filed.

the form to list the property values in each county. If there is more

than one property in a county add the values of all properties in

If you do not pay at least 80% of the tax due on the return or

the county and enter the total value on the line for that county.

100% of the total tax by the original due date the following

penalties will apply:

Lines 4. Property located in Idaho includes all real property and

•

all tangible and intangible personal property in which the dece-

If the return is filed by the original due date, a 0.5% per month

dent had an interest. It does not include real property located in

late payment penalty will be computed on tax due from the

another state.

original due date of the return to the date of payment.

•

If the return is filed on or before the extended due date and the

Lines 12. Property located in Idaho includes all real and tangible

tax is paid on or before the extended due date, a 2% per month

property in which the decedent had an interest that has situs in

extension penalty will be computed on tax due from the original

Idaho.

due date to the earlier of the date the tax is paid or date return is

filed, plus a 0.5% per month late payment penalty will be

Line 16. Interest is charged on the amount of tax due, line15,

computed on tax due from the date the return is filed to the date

from the original due date until paid. The rate for 2003 is 5%,

the tax is paid, if the tax is paid after the return is filed.

•

2004 is 6%, and 2005 is 6%.

If the return is filed on or before the extended due date but the

tax is paid after the extended due date, a 2% per month late

PENALTY

filing penalty will be computed on tax due from the original due

date of the return to the date the return is filed, plus a 0.5% per

Line 17. If you file your return after the due date or fail to pay the

month late payment penalty will be computed on tax due from

required amount by the due date, a penalty may be due.

the date the return is filed to the date the tax is paid.

•

If both the return is filed and the tax is paid after the extended

•

Pay by the original due date at least 80% of the tax due on the

due date, a 5% per month late filing penalty will be computed on

return or 100% of the total tax reported last year, and

tax due from the original due date of the return to the earlier of

•

File the return and pay the tax due by the extended due date.

the date the return is filed or the date tax is paid.

If you pay at least 80% of the tax due on the return or 100% of

The minimum penalty is $10. The maximum penalty is 25% of tax

the total tax reported last year by the original due date, but fail to

due.

IDAHO STATE TAX COMMISSION

ESTATE TAX SECTION

P.O. BOX 36

BOISE, ID 83722-0410

Instructions For Idaho Form 33 - Idaho State Tax Commission

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